Hercules Capital, Inc. (HCXY) reported that director Alfred Fichera currently holds no shares of the company’s Common Stock. A Form 3 filing dated September 17, 2026 lists a direct ownership position of 0 shares of Common Stock following the reported holdings entry.
Hercules Capital, Inc. reported that its Board of Directors increased in size from seven to eight members and elected Alfred B. Fichera, age 67, as an independent Class I director, effective September 17, 2026, with a term expiring in 2029. The Board and its committees determined he is independent under New York Stock Exchange standards and not an “interested person” under Section 2(a)(19) of the Investment Company Act of 1940. He will receive the standard cash and equity compensation for non-employee directors and has entered into an indemnification agreement with the company.
Fichera will serve on the Audit Committee. He worked at KPMG LLP from 1982 until 2019, including as Global Head of Alternative Investments and as an audit partner for nearly 25 years, and since 2021 has served as an expert witness on valuation, board governance and SEC filings. Since September 2025, he has been an independent director and audit committee chair of Warburg Pincus Access Fund, L.P. Hercules highlighted in its press release that, since inception in December 2003, it has committed more than $28 billion to over 700 companies and that its common stock trades under “HTGC,” with a 6.25% Notes due 2033 issuance trading under “HCXY.”
Hercules Capital, Inc. (HCXY) reported that President Seth H. Meyer had 5 shares of common stock disposed of on September 9, 2026 in a transaction reported as shares delivered or withheld for payment of tax liability related to vesting of restricted stock. Following this tax-withholding event, he directly holds 435,600 shares of Hercules Capital common stock.
Hercules Capital, Inc. reported strong second‑quarter 2026 results, with record total investment income of $149.1 million, up 8.5% year‑over‑year, and net investment income (NII) of $92.9 million, up 4.7%. First‑half 2026 total investment income reached $290.7 million and NII $181.0 million, increases of 13.1% and 8.9% year‑over‑year, supported by record $2.74 billion in new debt and equity commitments and $1.35 billion in fundings.
NII of $0.50 per share in Q2 2026 provided 125% coverage of the base cash distribution. The Board declared a total cash distribution of $0.47 per share for the quarter, comprising a $0.40 base and $0.07 supplemental amount, with an August 11, 2026 record date and August 18, 2026 payment date. Net asset value was $12.15 per share on $2.27 billion of net assets, up 2.1% from Q1 2026, aided by $29.6 million of net unrealized appreciation.
The company ended the quarter with $652.9 million of available liquidity and a largely floating‑rate loan book, while maintaining a GAAP leverage ratio of 103.9% and loans on non‑accrual representing 0.3% of investments at cost.
HCXY presents a detailed portfolio of debt, equity, warrant and fund investments across technology, healthcare, consumer, defense, sustainable energy and other sectors. Most credit positions are senior secured loans tied to Prime or SOFR benchmarks with stated spreads, floor rates, and in many cases payment‑in‑kind interest and exit fees.
The portfolio includes numerous positions in application and system software, drug discovery and development, healthcare services, space technologies and sustainable and renewable technology, along with convertible debt in select issuers. The company also holds preferred and common equity stakes, warrants, interests in external investment funds, cash in the GS Financial Square Government Fund and a Great British Pound foreign‑currency contract with Goldman Sachs Bank USA, with disclosures spanning as of June 30, 2026 and December 31, 2025.
Hercules Capital, Inc. completed a registered public offering of $325,000,000 aggregate principal amount of its 6.300% Notes due 2031, issued under an Eleventh Supplemental Indenture to its existing base indenture. The Notes mature on July 24, 2031 and bear interest at 6.300% per year, paid semiannually on January 24 and July 24, beginning January 24, 2027.
The Notes are unsecured senior obligations, ranking senior to expressly subordinated debt, pari passu with other unsubordinated liabilities, and effectively or structurally subordinated to secured debt and subsidiary obligations. They are redeemable at the company’s option at par plus any applicable make whole premium. Hercules Capital expects to use net proceeds to repay outstanding unsecured and/or secured indebtedness under its financing arrangements, fund investments consistent with its investment objectives, and for other general corporate purposes. The offering was conducted from the company’s Form N-2 shelf registration, with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. acting as representatives of the underwriters.
Hercules Capital provides preliminary, unaudited estimates for the quarter ended June 30, 2026. Net asset value per share is expected to range from $12.10 to $12.20, up $0.20 to $0.30, or 1.7% to 2.5%, from $11.90 on March 31, 2026. Preliminary net realized gains are approximately $7.7 million and net investment income is estimated at $0.49 to $0.51 per share.
Preliminary gross new investment commitments are about $0.9 billion with fundings of $0.6 billion. Investments on non-accrual status comprised less than 0.5% of the total investment portfolio at cost as of June 30, 2026, compared with 0.2% at March 31, 2026. Total investments at fair value are estimated at $4.5 to $4.6 billion. These figures remain subject to completion of financial closing and review procedures and have not been audited or reviewed by the independent registered public accounting firm.
Hercules Capital, Inc. Chief Operating Officer Christian Follmann reported compensation-related equity activity in Common Stock. On July 9, 2026, a total of 2,798 shares were surrendered in two tax-withholding dispositions at $15.69 per share to cover taxes on the vesting of restricted stock, rather than being sold in the open market. Following these transactions, Follmann holds 144,539 shares directly and 350 shares indirectly through his spouse.